Is Nu Holdings Stock a Buy Now?
Nu Holdings' (NYSE: NU) rapid growth in Brazil is undeniable, as the bank has brought banking to millions of unbanked customers in the region over the past several years. As a result of its impressive expansion, the fintech has experienced stellar growth in customers, revenue, and earnings.
One of Nu Holdings' early investors was Berkshire Hathaway, which purchased some of Nu's stock before its initial public offering (IPO) in 2021. Berkshire then experienced a roller-coaster ride, yet held through that volatility until recently, when it cut Nu Holdings from its portfolio in the first quarter.
With Berkshire Hathaway selling, investors may be nervous about what Warren Buffett and his team might be seeing from the fintech. Here's why Berkshire's sale may not be such a bad thing, and what the future could hold for Nu.
Source Fool.com
Berkshire Hathaway Inc. A Stock
Currently there is a rather positive sentiment for Berkshire Hathaway Inc. A with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 650000 € shows a slightly positive potential of 6.64% compared to the current price of 609500.0 € for Berkshire Hathaway Inc. A.
